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Trending ETFs

Barrow Hanley Credit Opportunities Fund

mutual fund
BCONX
Payout Change
Pending
Price as of:
$9.57 -0.05 -0.52%
primary theme
High Yield Bond
share class
Instl (BCONX)
BCONX (Mutual Fund)

Barrow Hanley Credit Opportunities Fund

Payout Change
Pending
Price as of:
$9.57 -0.05 -0.52%
primary theme
High Yield Bond
share class
Instl (BCONX)
BCONX (Mutual Fund)

Barrow Hanley Credit Opportunities Fund

Payout Change
Pending
Price as of:
$9.57 -0.05 -0.52%
primary theme
High Yield Bond
share class
Instl (BCONX)

Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Barrow Hanley Credit Opportunities Fund

BCONX | Fund

$9.57

$89.8 M

7.93%

$0.76

0.92%

Vitals

YTD Return

10.1%

1 yr return

10.6%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$89.8 M

Holdings in Top 10

38.6%

52 WEEK LOW AND HIGH

$9.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.92%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee 1.00%

Min Investment

Standard (Taxable)

$100,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Barrow Hanley Credit Opportunities Fund

BCONX | Fund

$9.57

$89.8 M

7.93%

$0.76

0.92%

BCONX - Profile

Distributions

  • YTD Total Return 10.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 7.9%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Barrow Hanley Credit Opportunities Fund
  • Fund Family Name
    Perpetual Americas Funds Trust
  • Inception Date
    Apr 18, 2022
  • Shares Outstanding
    12694592
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Erik Olson

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in credit instruments. This investment policy may be changed by the Fund upon 60 days’ prior written notice to shareholders.
Credit instruments consist broadly of any debt instrument or instrument with debt-like characteristics, and include high yield bonds (commonly known as “junk bonds”), bank loans, loan participations and assignments, collateralized loan obligations (“CLOs”), mortgage‑and asset-backed securities, structured notes, convertible securities, preferred stock and shares of investment companies that invest principally in credit or floating-rate loan instruments, including the Barrow Hanley Floating Rate Fund and other mutual funds in this Prospectus.
The Fund’s portfolio typically will consist principally of high yield bonds that Barrow, Hanley, Mewhinney & Strauss, LLC, the Fund’s sub‑adviser (the “Sub‑Adviser” or “Barrow Hanley”), believes are trading below their intrinsic value, selected through a fundamental research process designed to achieve a balanced goal for yield, principal preservation and capital appreciation.
To construct the Fund’s portfolio, Barrow Hanley evaluates the macro environment, industry, and sector trends to determine views from one to three years. This process is designed to enable Barrow Hanley to find specific sectors that offer opportunities for both industry and issuer mispricings given Barrow Hanley’s expectations of changing fundamentals. From there, Barrow Hanley uses two primary methods of identifying potential investments. The first involves independent sorting and research of documents filed with the Securities
and Exchange Commission, as well as general and financial news, through the use of third-party research databases, news services and screening software. The second method relies on the professional relationships that Barrow Hanley has established with money managers, leveraged buyout and private equity investors, investment bankers, research analysts, consultants, securities traders, brokers, corporate managers, corporate attorneys and accountants including in depth discussions with Barrow Hanley’s equity research professionals. This analysis is designed to lead Barrow Hanley to industries and debt issuers that offer opportunities for what Barrow Hanley believes are mispriced investments. In this regard, a mispriced investment refers primarily to traditional value metrics utilized by the Sub‑Adviser, such as low price/earnings, price/book and high dividend yield relative to the markets in which the Fund may invest. A security also may be mispriced due to a negative theme occurring within an overall industry and/or sector and where the Sub‑Adviser believes an investment in the security creates opportunities for outperformance.
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BCONX - Performance

Return Ranking - Trailing

Period BCONX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.1% -8.0% 17.4% 3.62%
1 Yr 10.6% -8.2% 18.4% 3.78%
3 Yr N/A* -14.5% 21.2% 4.10%
5 Yr N/A* -11.8% 36.7% 5.35%
10 Yr N/A* -4.7% 20.2% 25.42%

* Annualized

Return Ranking - Calendar

Period BCONX Return Category Return Low Category Return High Rank in Category (%)
2023 4.2% -4.7% 14.3% 72.91%
2022 N/A -33.4% 3.6% N/A
2021 N/A -8.4% 8.2% N/A
2020 N/A -13.2% 302.7% N/A
2019 N/A -4.4% 13.3% N/A

Total Return Ranking - Trailing

Period BCONX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.1% -8.0% 17.4% 3.62%
1 Yr 10.6% -8.2% 18.4% 3.78%
3 Yr N/A* -14.5% 21.2% 4.99%
5 Yr N/A* -11.8% 36.7% 7.18%
10 Yr N/A* -4.7% 20.2% 23.94%

* Annualized

Total Return Ranking - Calendar

Period BCONX Return Category Return Low Category Return High Rank in Category (%)
2023 13.0% -4.7% 18.7% 27.75%
2022 N/A -33.4% 47.8% N/A
2021 N/A -8.4% 12.4% N/A
2020 N/A -9.6% 325.6% N/A
2019 N/A -3.8% 19.4% N/A

NAV & Total Return History

BCONX - Holdings

Concentration Analysis

BCONX Category Low Category High BCONX % Rank
Net Assets 89.8 M 3.13 M 25.3 B 86.74%
Number of Holdings 112 2 3879 93.09%
Net Assets in Top 10 35 M -492 M 5.25 B 73.68%
Weighting of Top 10 38.65% 4.2% 146.0% 6.58%

Top 10 Holdings

  1. Perpetual Americas Funds Trust BARROW HANLEY 21.01%
  2. Northern Institutional Funds TREAS PRT PRMR 2.75%
  3. PRG 6 11/15/29 144A 2.18%
  4. AER V0 12/21/65 144A 2.14%
  5. BURLN 9.25 07/01/31 144A 2.12%
  6. HHH 4.375 02/01/31 144A 2.02%
  7. RITM 6.25 10/15/25 144A 1.93%
  8. UNFI 6.75 10/15/28 144A 1.58%
  9. CC 4.625 11/15/29 144A 1.48%
  10. MATV 8 10/01/29 144A 1.44%

Asset Allocation

Weighting Return Low Return High BCONX % Rank
Bonds 		76.09% 0.00% 145.36% 94.11%
Stocks 		21.01% 0.00% 97.54% 2.95%
Cash 		2.90% -52.00% 48.02% 66.78%
Convertible Bonds 		0.72% 0.00% 17.89% 64.80%
Preferred Stocks 		0.00% 0.00% 4.97% 66.78%
Other 		0.00% -39.08% 99.86% 66.12%

Stock Sector Breakdown

Weighting Return Low Return High BCONX % Rank
Utilities 		0.00% 0.00% 100.00% N/A
Technology 		0.00% 0.00% 33.17% N/A
Real Estate 		0.00% 0.00% 86.71% N/A
Industrials 		0.00% 0.00% 93.12% N/A
Healthcare 		0.00% 0.00% 22.17% N/A
Financial Services 		0.00% 0.00% 100.00% N/A
Energy 		0.00% 0.00% 100.00% N/A
Communication Services 		0.00% 0.00% 99.99% N/A
Consumer Defense 		0.00% 0.00% 100.00% N/A
Consumer Cyclical 		0.00% 0.00% 100.00% N/A
Basic Materials 		0.00% 0.00% 100.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High BCONX % Rank
US 		21.01% 0.00% 97.54% 2.96%
Non US 		0.00% -0.01% 0.83% 52.96%

Bond Sector Breakdown

Weighting Return Low Return High BCONX % Rank
Corporate 		95.89% 0.00% 100.00% 43.66%
Cash & Equivalents 		2.75% 0.00% 48.02% 56.25%
Derivative 		0.00% -14.58% 42.26% 56.09%
Securitized 		0.00% 0.00% 97.24% 69.03%
Municipal 		0.00% 0.00% 1.17% 43.66%
Government 		0.00% 0.00% 99.07% 58.65%

Bond Geographic Breakdown

Weighting Return Low Return High BCONX % Rank
US 		76.09% 0.00% 126.57% 87.34%
Non US 		0.00% 0.00% 96.91% 66.28%

BCONX - Expenses

Operational Fees

BCONX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.92% 0.02% 38.33% 55.17%
Management Fee 0.60% 0.00% 1.75% 64.26%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

BCONX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BCONX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 64.29%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BCONX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 1.00% 255.00% N/A

BCONX - Distributions

Dividend Yield Analysis

BCONX Category Low Category High BCONX % Rank
Dividend Yield 7.93% 0.00% 11.76% 4.25%

Dividend Distribution Analysis

BCONX Category Low Category High Category Mod
Dividend Distribution Frequency None SemiAnnual Monthly Monthly

Net Income Ratio Analysis

BCONX Category Low Category High BCONX % Rank
Net Income Ratio N/A -2.39% 9.30% N/A

Capital Gain Distribution Analysis

BCONX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

BCONX - Fund Manager Analysis

Managers

Erik Olson

Start Date

Tenure

Tenure Rank

Apr 12, 2022

0.13

0.1%

Mr. Olson joined Barrow Hanley in 2001. He serves as a portfolio manager for our investment grade and high yield strategies. He also serves as an analyst for investment grade and high yield corporate bonds, both U.S. and non-U.S. His 21-year career includes work as a research analyst for Sanders Morris Harris. He has also worked at Merrill Lynch and as the legislative assistant for the Interstate Natural Gas Association in Washington, D.C. Mr. Olson received an MBA from Texas Christian University, where he served as a portfolio manager for the William C. Conner Foundation Educational Investment Fund. He earned a BA from Emory University.

Nicholas Losey

Start Date

Tenure

Tenure Rank

Apr 12, 2022

0.13

0.1%

Nick Losey joined Barrow Hanley in 2018. He serves as a portfolio manager, focusing on bank loans and high yield bonds. Mr. Losey was previously a portfolio manager at Whitebox Advisors, LLC and White Oak Global Advisors, LLC, where he focused on bank loans, high yield bonds, structured product CLO tranches, and equities. His 19-year investment career also includes serving as a portfolio manager at Highland Capital Management, LP. Mr. Losey earned a BBA from the University of Oklahoma and an MBA from Southern Methodist University, graduating magna cum laude.

Michael Trahan

Start Date

Tenure

Tenure Rank

Apr 12, 2022

0.13

0.1%

Mr. Trahan joined BHMS in 2018. He serves as an analyst, focusing on bank loans and high yield bonds. Mr. Trahan was previously a senior analyst at Carlson Capital, LP, where he focused on bank loans, high yield bonds, credit default swaps, and special situation / post reorganization equities. His investment career also includes serving as a senior portfolio analyst at Highland Capital Management, LP, and as an associate at PricewaterhouseCoopers. Mr. Trahan earned a BBA and an MPA (Master in Professional Accounting) from the University of Texas.

Chet Paipanandiker

Start Date

Tenure

Tenure Rank

Apr 12, 2022

0.13

0.1%

Mr. Paipanandiker (Pai) joined Barrow Hanley in 2017. He serves as a portfolio manager, focusing on bank loans and high yield bonds. Mr. Pai was previously a portfolio manager at Whitebox Advisors, LLC and White Oak Global Advisors, LLC, where he focused on bank loans, structured product CLO tranches, high yield bonds, and equities. His 20-year investment career also includes serving as a portfolio manager and co-head of research at Highland Capital Management, LP. Mr. Pai earned a BBA from the University of Texas in the Business Honors and Engineering-Route-to-Business programs, graduating magna cum laude.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.31 8.17

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